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Other financials

Income statement

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Operating income-$14.9M-49.9%
Net income-$13.7M-190%
EPS (diluted)-$0.15-15.4%

Balance sheet

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Cash & equivalents$40.1M+702%
Total debt$834.0K-27.7%
Total equity$240.7M+388%
Total assets$253.2M+326%

Cash flow

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Operating cash flow-$10.4M-25.5%
CapEx$91.0K+153%
Free cash flow-$10.5M-26.1%

Valuation

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Market cap$1.17B+247%
Enterprise value$1.13B+250%

Returns & leverage

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Return on equity-30.5%-12.5pp
Debt / equity0.0×
Current ratio19.8×+14.9×

Where this comes from

Reported directly by Corvus Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Corvus Pharmaceuticals’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-057100
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Operating expenses:
Research and development$11,175$7,453
General and administrative3,7022,469
Total operating expenses14,8779,922
Loss from operations(14,877)(9,922)
Interest income and other expense, net1,784525
Change in fair value of warrant liability25,129
Loss before equity method investment(13,093)15,732

Item 1. Financial Statements (unaudited)

FAQ

What is Corvus Pharmaceuticals's R&D?
Corvus Pharmaceuticals (CRVS) reported R&D of $11.18M in Q1 2026.
How has Corvus Pharmaceuticals's R&D changed year-over-year?
Corvus Pharmaceuticals's R&D increased by 49.9% year-over-year, from $7.45M to $11.18M.
What is the long-term trend for Corvus Pharmaceuticals's R&D?
Over 4 years (2021 to 2025), Corvus Pharmaceuticals's R&D has grown at a 3.7% compound annual growth rate (CAGR), from $29.12M to $33.72M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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